Udaan’s financial woes continue despite new fundraise, revenue stagnates

Bengaluru, Feb 18 (IANS) B2B e-commerce platform Udaan is facing serious financial challenges despite securing fresh funds as the company’s revenue remained almost flat in FY24. Its valuation also dropped sharply by 59.3 per cent to $1.3 billion, down from its peak of $3.2 billion, according to its financials. This decline comes even as Udaan…